The prospect of China exporting $1.5 trillion in debt
Reuters Breakingviews commentary says a top Chinese economist’s call to sell sovereign bonds could raise foreign ownership to some 20%, ease a funding squeeze and boost the yuan’s global role.
TLDR
Reuters Breakingviews commentary suggests China could export $1.5 trillion in debt. It says a top Chinese economist’s call to sell sovereign bonds could bring foreign ownership to some 20%. The commentary says Beijing would find willing buyers if it moved past its belief that more external debt saps currency stability.
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